Self-service business intelligence (BI) market value has increased as a result of small and medium-sized businesses adopting data analytics solutions more frequently. The market for self-service business intelligence (BI) will see significant growth prospects as cloud computing technologies in BI continue to advance. In-depth competitive insights are in higher demand, which would help the market expand. The self-service business intelligence (BI) market growth rate will be immediately and favourably impacted by the increasing number of corporate data. The market for self-service business intelligence (BI) will face significant obstacles as a result of the high expenses related to the adoption and upkeep of this technology. The self-service business intelligence (BI) market growth rate will be further slowed down by a lack of qualified individuals to manage the systems.
The self-service BI market is anticipated to expand during the Covid-19 epidemic as businesses all over the world implement BI and analytics to carry out their survival plans and strategies. The demand for self-service BI has increased as a result of the increasing use of the work from home concept amid a lockdown by industries including IT and telecom, media and entertainment, healthcare, e-commerce & retail, and BFSI.
Self-Service BI Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Alteryx, Inc., Automation Anywhere, Inc., Birst, Inc., Blue Prism Limited, Cisco Systems, Inc., Domo, Inc., HCL Technologies Limited, Hewlett Packard Enterprise Company, Hitachi Vantara Corporation, IBM Corporation, Logi Analytics, MapR Technologies, Inc., Microsoft Corporation, Nice Robotic Automation, Oracle, Pegasystems Inc., QlikTech International AB, RapidMiner Inc., SAS Institute Inc., Sisense Inc., TARGIT, TIBCO Software Inc., UIPATH, Zoho Corporation Pvt. Ltd.
Global Self-Service BI Market Segmentation:
By Component: Based on the Component, Global Self-Service BI Market is segmented as; Services, Solutions.
By Service: Based on the Service, Global Self-Service BI Market is segmented as; Managed Services, Professional Services (Consulting Services, Deployment and Integration, Support and Maintenance).
By Deployment: Based on the Deployment, Global Self-Service BI Market is segmented as; Hostel/on-cloud, On-premises.
By Business Function: Based on the Business Function, Global Self-Service BI Market is segmented as; Finance, Human Resources, Marketing, Operations, Sales.
By Application: Based on the Application, Global Self-Service BI Market is segmented as; Customer Engagement & Analysis, Fraud & Security Management, Operations Management, Predictive Asset Maintenance, Risk & Compliance Management, Sales & Marketing, Supply Chain Management & Procurement, Others.
By End User: Based on the End User, Global Self-Service BI Market is segmented as; BFSI, Energy & Utilities, Government & Defense, Healthcare, Manufacturing, Media & Entertainment, Retail & e-Commerce, Telecom & IT, Transportation & Logistics, Others.
By Region: The self-service business intelligence (BI) market is dominated by North America, and this trend of dominance will continue during the projected period. This is a result of small and medium-sized businesses using business analytical solutions more frequently. On the other hand, Asia-Pacific will foresee the highest CAGR for the forecast period as a result of an increase in data-driven enterprises brought on by the growing number of corporate data.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.